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U.S. Stocks Close Lower to Start August
U.S. stocks closed lower on the first trading day of August, after having their best month sin July since 2022. The S&P 500 dropped 0.28%, the Nasdaq fell 0.18%, and the Dow slipped 0.14%. Brian Vendig, president of MJP Wealth Advisors,...
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How are you dealing with food inflation?
On the streets of Toronto, several Canadians shared their thoughts on how high food prices are affecting their household budget.
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Tesla Reports Rise in Quarterly Profits in Q2 2022 Earnings
Tesla announced Q2 2022 earnings after the close. Results were mixed, with an adjusted EPS of $2.27 and revenue of $16.93 billion. The electric vehicle maker also shared it plans to hit its delivery targets for 2022. Sean O'Hara,...
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Western Ukraine cities brace for influx of people escaping fighting
Cities in western Ukraine now preparing for a surge of newcomers, should Russia launch a renewed offensive in the east.
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U.S. Stocks Close at Session Lows on Friday
U.S. markets closed the day at session lows as the Dow marked its fifth straight week of losses. Investors continue to weigh inflation and the ongoing Russia-Ukraine war and growing economic risk factors. George Seay, CEO of Annandale...
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EU slowly becoming more powerful, says former WTO chief
Pascal Lamy was speaking to Euronews about the sanctions imposed by Brussels on Russia.
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Biden announces sanctions against Russia
Saying the U.S. is working in conjunction with countries around the world, President Joe Biden announced the first 'tranche' of sanctions against Russia. Biden says Russia has 'undeniably moved against Ukraine' after President Vladimir...
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Ukraine conflict could cause wheat price to spike, food prof says
With Russia and Ukraine being major exporters of wheat, people can expect the price of wheat to go up and for buyers to shift their purchasing toward other markets, says the University of Saskatchewan's agricultural economics professor...
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Shock and protests in Russia after Ukraine attacked
More than 1,000 people were reportedly arrested during protests across Russia following the invasion of Ukraine, while some residents were shocked the attack happened. Meanwhile, the government worked overtime to keep control of the...
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Economist Sees Six Rate Hikes in 2022 After High January PPI Number
Inflation remains hot as the January PPI has increased by 1 percent, twice what analysts had been expecting with a jump of 9.7 over the year. Beth Ann Bovino, the U.S. chief economist, for S&P Global Ratings, joined Cheddar News to...
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Stocks Close Near Session Highs in Another Strong Day for Markets
U.S. stocks closed Tuesday's session near session highs. The Dow Jones Industrial Average rose 350 points, after rising more than 400 points at its session high. Shares were also impacted positively by optimism around peace talks in...
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How will the interest rate hike affect Canada’s housing market?
Personal finance expert and Credit Canada CEO Bruce Sellery explains the latest interest rate hike could slow the growth of housing prices. Plus, advice for people who have variable-rate loans that’ll be impacted by the hike.
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How the Bank of Canada rate hike could impact house prices
Personal finance expert and Credit Canada CEO Bruce Sellery answers questions about the latest Bank of Canada interest rate hike and what it could mean for house prices.
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Greece's euro history: Challenging adaption to membership
The adoption of the euro brought some challenges for some European states.
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Home Sales Rise Despite Tight Inventory, High Costs; Trend Likely to Continue in 2022
Despite the rising cost of a home in the U.S., sales rose 1.9 percent in November, and according to Zillow, prices are expected to climb even higher in 2022. M. Ryan Gorman, president and CEO of Coldwell Banker Real Estate, told...
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New ETF Targets Big Names in Cannabis
There is a new way for investors to bet on cannabis - the AdvisorShares Poseidon Dynamic Cannabis ETF targets about 20 of the biggest names in U.S. cannabis. It comes at a time when it's still difficult for investors to access the space....
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Pfizer Says Third COVID Vaccine Dose Effective Against Omicron Variant
A new study by Pfizer-BioNTech found that a third dose of their COVID-19 vaccine is effective against the emerging omicron variant. The pharmaceutical giants also look to manufacture a vaccine specific to the omicron variant by March 2022.
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Spin CEO on Partnering With Lyft to Get More People Into Scooter Rentals
Electric scooter company Spin is teaming up exclusively with ride-hailing business Lyft to provide scooter rentals in cities across the country, beginning with Nashville. Spin CEO Ben Bear joined Cheddar News to talk about the rollout...
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Turkish lira's decline has impact over the border in Syria
The Turkish currency has in turn lost 40% of its value since the start of the year. More than 20% was lost during the last month alone.
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EU parliament gives green light to agricultural reforms
MEPs voted overwhelmingly in favour of changes to the bloc's Common Agricultural Policy (CAP).
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Bitcoin and Other Cryptocurrencies Drop to 1-Month Lows Amid Broader Market Sell-off
Maja Vujinovic, managing director of OGroup LLC, spoke to Cheddar about factors that are impacting the price of a Bitcoin. She attributed some of the drop off in value of a Bitcoin to inflation and expects the space to continue being...
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Bitcoin, Other Cryptocurrencies Drop to 1-Month Lows Amid Broader Market Sell-Off
Maja Vujinovic, managing director of investment and advisory firm OGroup LLC, spoke to Cheddar about factors impacting the price of a Bitcoin. She attributed some of the drop-offs in the cryptocurrency's value to inflation and expects...
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Curaleaf CEO on Weaker Than Expected Earnings, Slowing Cannabis Market
Curaleaf CEO Joe Bayern joined Cheddar's "Closing Bell" to discuss the cannabis company's Q3 earnings report, which came in under expectations and included widening losses. Bayern discussed taking a hit on profitability based on the...
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Zillow Stock Tanks After Real Estate Marketplace Unable to Flip Homes
Zillow shares plummeted on news that homes the real estate marketplace purchased in order to flip are worth less than their original sale prices. Last month the platform announced a halt of home purchasing due to renovation costs and...